Short Interest in Aurora Mobile Limited (NASDAQ:JG) Drops By 37.7%

Aurora Mobile Limited (NASDAQ:JG - Get Free Report) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 3,800 shares, a drop of 37.7% from the April 30th total of 6,100 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily volume of 44,400 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Aurora Mobile from a "hold" rating to a "buy" rating in a research note on Friday.

Institutional Investors Weigh In On Aurora Mobile

An institutional investor recently bought a new position in Aurora Mobile stock. Citadel Advisors LLC purchased a new stake in shares of Aurora Mobile Limited (NASDAQ:JG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,449 shares of the company's stock, valued at approximately $75,000. Citadel Advisors LLC owned about 0.18% of Aurora Mobile at the end of the most recent reporting period. Institutional investors and hedge funds own 85.47% of the company's stock.

Aurora Mobile Price Performance

JG stock traded down $0.60 during mid-day trading on Monday, reaching $10.92. The company had a trading volume of 15,352 shares, compared to its average volume of 215,074. The stock has a 50 day simple moving average of $9.23 and a two-hundred day simple moving average of $8.73. The company has a market capitalization of $65.52 million, a price-to-earnings ratio of -20.21 and a beta of 1.27. Aurora Mobile has a 52 week low of $2.36 and a 52 week high of $20.94.

Aurora Mobile (NASDAQ:JG - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The company reported ($0.06) earnings per share (EPS) for the quarter. Aurora Mobile had a negative net margin of 7.99% and a negative return on equity of 9.17%. The business had revenue of $12.26 million for the quarter.

Aurora Mobile Company Profile

Aurora Mobile Limited, through its subsidiaries, provides a range of developer services in China. The company provides push notification, instant messaging, analytics, sharing and short message service, one-click verification, and other services. The company offers real-time market intelligence solutions, such as product iApp, which provides analysis and statistical results on the usage and trends of mobile apps to investment funds and corporations.